optimal combination of the two introducing the role of catastrophic and spatial uncertainty related to climate change damages … both cases uncertainty works in the direction to make mitigation a more attractive strategy than adaptation. When … catastrophic uncertainty is concerned mitigation becomes relatively more important as, by curbing emissions, it helps to reduce …

Uncertainty faced by individual firms appears to be heterogeneous. In this paper, I construct new empirical measures of … firm-level uncertainty using data from the I/B/E/S and Compustat. These new measures reveal persistent differences in the … degree of uncertainty facing individual firms not reflected by existing measures. Consistent with existing measures, I find …

of this general result to specific forms of uncertainty extends existing results to more general forms of risk and yields …The paper clarifies the link between changes in risk aversion and the effect on the consumption discount rate. In a … general framework that can cope with various forms of uncertainty, it is shown that the response of the consumption discount …

heterogeneous countries with the notable feature of model misspecification on the impacts from SRM. We find that deep uncertainty …

that, on average, when experts respond to elicitations in person, they ascribe lower confidence (larger uncertainty) to …

We address the problem of choosing a portfolio of policies under "deep uncertainty." We introduce the idea of belief …